“Central banks’ move from net sellers of gold, to net buyers that we have seen in recent years, has continued apace. The official central bank purchases across the world are now at their highest level for almost half a century.”

FRANKFURT (MarketWatch) — The world’s central banks last year bought 534.6 tons of gold in 2012, the most since 1964, as global gold demand hit a record value level, the World Gold Council said Thursday in a quarterly report. Purchases by central banks for the full year rose 17% compared with 2011, while fourth-quarter purchases of 145 tons marked a 29% rise from the same period a year earlier.

“Central banks’ move from net sellers of gold to net buyers that we have seen in recent years has continued apace,” with official sector purchases across the world now at their highest level for almost half a century, said Marcus Grubb, managing director for investment at the World Gold Council. In value terms, total gold demand in 2012 was $236.4 billion, an all-time high, the council said.

Implant Removal Series

Read The Testimonials

Excerpts may be used, provided that full and clear credit is given to Alexandra Meadors and www.galacticconnection.com with appropriate and specific direction to the original content. Unauthorized use and/or duplication of any material on this website without express and written permission from its author and owner is strictly prohibited. Thank you.

Privacy Policy

By subscribing to GalacticConnection.com you acknowledge that your name and e-mail address will be added to our database. As with all other personal information, only working affiliates of GalacticConnection.com have access to this data. We do not give GalacticConnection.com addresses to outside companies, nor will we ever rent or sell your email address. Any e-mail you send to GalacticConnection.com is completely confidential. Therefore, we will not add your name to our e-mail list without your permission. Continue reading...